Gryphon Digital Mining Inc (NASDAQ: GRYP) Shares Might Go Down -92.96% This Year

In the last trading session, 2.22 million shares of the Gryphon Digital Mining Inc (NASDAQ:GRYP) were traded, and its beta was 2.45. Most recently the company’s share price was $0.44, and it changed around $0.0 or -0.30% from the last close, which brings the market valuation of the company to $30.02M. GRYP currently trades at a discount to its 52-week high of $8.43, offering almost -1815.91% off that amount. The share price’s 52-week low was $0.35, which indicates that the current value has risen by an impressive 20.45% since then. We note from Gryphon Digital Mining Inc’s average daily trading volume that its 10-day average is 11.64 million shares, with the 3-month average coming to 2.72 million.

Gryphon Digital Mining Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended GRYP as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Gryphon Digital Mining Inc is expected to report earnings per share of -0.16 for the current quarter.

Gryphon Digital Mining Inc (NASDAQ:GRYP) trade information

Instantly GRYP has showed a red trend with a performance of -0.30% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4669 on recent trading dayincreased the stock’s daily price by 5.76%. The company’s shares are currently up 8.58% year-to-date, but still down -3.65% over the last five days. On the other hand, Gryphon Digital Mining Inc (NASDAQ:GRYP) is -14.50% down in the 30-day period. We can see from the shorts that 0.26 million shares have been sold at a short interest cover period of 0.56 day(s).

Gryphon Digital Mining Inc (GRYP) estimates and forecasts

Gryphon Digital Mining Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -60.08 percent over the past six months and at a 96.72% annual growth rate that is well above the industry average of 6.80%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -72.98%.

GRYP Dividends

Gryphon Digital Mining Inc’s next quarterly earnings report is expected to be released in February.

iShares Micro Cap ETF and EQ Advisors Trust-1290 VT Micro Cap Port were the top two Mutual Funds as of Oct 31, 2024 . The former held 78.17 shares worth $34012.0, making up 0.15% of all outstanding shares. On the other hand, EQ Advisors Trust-1290 VT Micro Cap Port held roughly 7.02 shares worth around $3054.0, which represents about 0.01% of the total shares outstanding.